Monday, November 10, 2014

Why Should I Use an Accredited Land Consultant when Buying or Selling LAND?

This topic is near and dear to me! Several years ago I was steering a large real estate project in northwest Alabama. I was working for a timber company who owned 20 miles of shoreline on Smith Lake. I was asked to chose a Realtor to help identify and market these properties. I interviewed several realtors and chose a realtor who was an Accredited Land Consultant. I was so impressed with their knowledge and land expertise. Therefore when I decided to pursue a real estate career, I decided to pursue this designation. I checked with the Georgia Real Estate Commission recently and was told there are over 60,000 people in Georgia licensed to sell real estate. At the time of this posting, there are only 26 with this highly esteemed designation. So what is it ????

The REALTORS® Land Institute confers the esteemed Accredited Land Consultant (ALC) designation to only those individuals who have achieved the highest level of education, experience, and professionalism.






         

MEMBERSHIP REQUIREMENT
ALC candidates must be Institute members in good standing for at least 6 months prior to filing an ALC designation application. 

          EDUCATION REQUIREMENT
Successful completion of a total of six Land University courses.  Courses may be completed in a live classroom, online, through the hybrid (independent study) program, and other delivery systems that may be made available.
       

      Required courses (3 total):
      -Land 101:  Fundamentals of Land Brokerage
      -Land Investment Analysis
      -Tax Deferred 1031 Exchanges   

      Electives (3 of 6):  
      -Tax Implications of Real Estate
      -Agricultural Land Brokerage and Marketing
      -Creative Land Planning
      -Land Development
      -Timberland
      -Site Selection     
      -Practical Navigation for Land Brokers
      -other electives as developed by the REALTORS® Land Institute


EXPERIENCE REQUIREMENT
Applicants must submit a resume that demonstrates a minimum of 3 years of experience in land sales or brokerage or a minimum of three years of comparable real estate experience in auction, appraisal*, leasing, development, farm management, consulting, brokerage management**, or related services in land.   


VOLUME REQUIREMENT
Applicants must submit a portfolio. The portfolio must substantiate the applicant's participation and material involvement as a broker, agent, consultant, or employee in at least 5 closed land transactions totaling $10,000,000*, or a minimum of 25 separate land transactions.  

EXAM
All ALC designation applicants must successfully complete comprehensive online exam that covers the core components of the Land University curriculum. 

If you decide to sell or buy real estate, why not choose someone who specializes in the type real estate you have an interest in and go with the best. I earned my designation in December 2009!!





For Information on Buying or Selling LAND, contact G. Kent Morris,
ALC, RF @ 706.457.0090
        




  

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